DP World, a Dubai-based container port operator, said it handled 71.4million Twenty-foot Equivalent Unit (TEUs) of container across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9 percent year-on-year on a reported basis and 2.9 percent on a like-for-like basis.
A breakdown of this shows that the company’s Asia Pacific & Indian Subcontinent terminals saw a container throughput of 32.9 million TEUs last year, a rise of 3.2 percent year-on-year on a like-for-like basis.
In addition, terminals in Europe, the Middle East and Africa handled 29.5 million TEUs, and terminals in America and Australia recorded 9 million TEUs, up by 3.1 percent and 0.9 percent, respectively.
The United Arab Emirate (UAE) handled 15 million TEU in 2018, down 2.7 percent year-on-year.
At a consolidated level, DP World’s terminals handled 36.8 million TEU in 2018, a 0.8 percent improvement in performance on a reported basis and up 1.4 percent year-on-year on a like-for-like basis.
“We are pleased to see that our global portfolio has delivered growth on top of our strong previous year performance and despite the uncertainty with global trade,” Sultan Ahmed Bin Sulayem, group chairman/CEO of DP World, said.
Continuing, he said: “Our Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt). In the UAE, the softer volumes were due to the loss of low-margin throughput, where we remain focused on high margin cargo and maintaining profitability.”
According to him, the company in 2018 made good progress in strengthening its product offering, which will enable them to participate in a wider part of the supply chain and offer smarter long-term solutions to cargo owners.
“Looking ahead to 2019, we expect our portfolio to continue to deliver growth and our focus remains on delivering operational excellence, managing costs and disciplined investment to remain the trade partner of choice. Given the steady volume performance of our portfolio, we are well placed to meet full year 2018 market expectations,” he concluded.
Amaka Anagor-Ewuzie
